Poongsan Corporation
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Native name | 주식회사 풍산 |
|---|---|
| Company type | Public |
| KRX: 103140 | |
| Industry | |
| Founded | 22 October 1968 |
| Founder |
|
| Headquarters | Poongsan Bldg., 23, Chungjeong-ro, Seodaemun-gu, , |
Area served | Worldwide |
Key people | |
| Products |
|
| Revenue |  ₩4.1253 trillion[1] (2023) |
| ₩228.6 billion[1] (2023) | |
| ₩156.4 billion[1] (2023) | |
| Total assets |  ₩3.6606 trillion[1] (2023) |
| Total equity | ₩1.9660 trillion[1] (2023) |
| Owner |
|
Number of employees | 244 (March 2024) |
| Parent | Poongsan Holdings |
| Website | Official website in Korean |
| Poongsan Corporation | |
| Hangul | 풍산 |
|---|---|
| Hanja | 豊山 |
| Revised Romanization | Pung-san |
| McCune–Reischauer | P'ungsan |
Poongsan Corporation (Korean: 풍산; Hanja: 豊山; RR: Pung-san) is a South Korean manufacturer of copper and copper alloy materials, ammunition and precision forging products founded in 1968. The company's main business areas are non-ferrous metal processing, such as bi-metallic coins and copper alloy products, which account for 70% of sales, and it also manufactures various military ammunition, gunpowder, and propellants.[2][3] As of 2023, bimetallic coin products produced in Poongsan are exported to more than 70 countries and account for more than 50% of the global coin blank market.[4]
History[edit]
Poongsan was founded by Ryu Chan-u in 1968. It entered the defense industry five years later, during the extended rule of the strongly anti-North Korean former military dictator Park Chung-hee. The company initially focused on mass-producing ammunition for the South Korean military and gradually expanded its business from there.[5][6]
Businesses[edit]
Defence[edit]
Poongsan produces a variety of ammunition types, such as 5.56-millimeter rifle bullets, 155 mm howitzer shells, anti-aircraft shells, mortar shells, tank shells, and naval artillery shells. The U.S. is Poongsan's largest ammunition export destination. The Middle East is a major market and also exports to Europe.[5][7]
Non-ferrous meterial[edit]
Copper applications are Poongsan's main area of expertise. The company produces copper and copper alloy sheets and strips, tubes, rods, and wires for use in various industries. Poongsan is one of the world's largest suppliers of coin blanks. It was Korea's sole coin manufacturer in 1970, and it first exported coin blanks to Taiwan in 1973, then to other countries, including the EU and the U.S.[6][8][9]
Products[edit]
See also[edit]
References[edit]
- ^ a b c d e f g h i "POONGSAN 103140". FnGuide. December 2023. Archived from the original on 11 April 2024. Retrieved 11 April 2024.
- ^ "풍산의 역사". Poongsan. Archived from the original on 12 April 2024. Retrieved 12 April 2024.
- ^ "사업현황". Poongsan. Archived from the original on 12 April 2024. Retrieved 12 April 2024.
- ^ "[김흥길 교수의 경제이야기] 세계의 동전을 만드는 ㈜풍산". Gyeongnam Ilbo. 28 March 2023. Archived from the original on 6 May 2024. Retrieved 6 May 2024.
- ^ a b Kim, Jaewon (May 19, 2023). "South Korean ammo maker Poongsan taps into European demand". Nikkei Asia. Seoul.
- ^ a b Lee, Jung-yoon (July 25, 2010). "From bullets to coins, it's more bang for the buck". Korea Joongang Daily.
- ^ Kim, Ik-hwan (January 24, 2023). "Poongsan's sale of ammunition, artillery shells surges on Ukraine war". Korea Economic Daily.
- ^ Schaake, Marietje. "Production by South Korean company Poongsan of cluster munitions and Euro coin blanks". European Parliament.
- ^ Vogel, Kenneth P. (July 1, 2015). "Jeb's South Korean sugar daddy". Politico.
External links[edit]
- Official website
- Business data for Poongsan Corporation:
